1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anna35 [415]
3 years ago
7

Derrick’s parents are finalizing a budget for his college expenses. His first year of college will cost $8,000, and his expenses

will increase by 12% each year. What is the amount they should budget for Derrick’s four-year college education, to the nearest dollar?
$38,235 is needed.
$42,823 is needed.
$32,072 is needed.
$39,200 is needed.
Mathematics
2 answers:
Ipatiy [6.2K]3 years ago
6 0

Answer:

$38,235 is needed.

Step-by-step explanation:

Given,

The cost of first year of college is $ 8000 and it is increasing by 12 % each year,

So, His first year's cost = $ 8000,

Second year's cost = 12 % more than the first year's cost = 112 % of first year's cost = 112 % of 8000 = 1.12 × 8000 = $ 8960,

Third year's cost = 112 % of second year's cost = 112 % of 8960 = 1.12 × 8960 = $ 10035.2

Fourth year's cost = 112% of third year's cost = 1.12 × 10035.2 = $ 11239.424

Hence, Total cost for four-year college education = 8000 + 8960 + 10035.2 + 11239.424 = $ 38234.624 ≈ $ 38235

⇒ $38,235 is needed.

kumpel [21]3 years ago
5 0

1st year = 8000

2nd year = 8000 * 1.12 = 8960

3rd year = 8960*1.12 = 10035.20

4th year = 10035.20 * 1.12 = 11239.42


8000 + 8960 + 10035.20 + 11239.42 = 38234.62 round to $38,235


You might be interested in
Nicole has used 6 feet of ribbon.This represents 3/8 of the total amount of the ribbon she started with. How much ribbon did Nic
GalinKa [24]
3/8x=6. x=6*8/3. x=2*8. x=16. Nicole started with 16 feet of string.
5 0
3 years ago
The vertices of triangle QRS have coordinates Q(1, −2), R(3, −2), and S(2, −4).
Mamont248 [21]
The vertices of triangle QRS have coordinates Q(1, −2), R(3, −2), and S(2, −4). The coordinates are the coordinates of the vertices of triangle QꞌRꞌSꞌ when triangle QRS is reflected across the x-axis <span>Qꞌ(1, 2), Rꞌ(3, 2), Sꞌ(2, 4). The answer is  letter B.</span>
6 0
3 years ago
What is (2x+3)²₂<br> (2x+3)²<br> DONE<br> [x² +[<br> p+
dalvyx [7]
Its 4-5(7) the answer is 7 (im wrong idek the answer
8 0
1 year ago
Huong had $23 to spend on six notebooks. After buying them she had $11. How much did each notebook cost?
Nataly [62]
23-11=12
She spent $12 on notebooks, and she bought six notebooks.
12/6=2

Each notebook costed $2.
8 0
3 years ago
Read 2 more answers
I will give brainliest
mars1129 [50]

Answer:

5^2 or 25

Step-by-step explanation:

5^6/5^4 = 5^2

4 0
3 years ago
Read 2 more answers
Other questions:
  • The circumference is 12 what is the radius
    9·1 answer
  • ANSWER THESE 2 QUESTIONS ASAP PLEASE PLEASE PLEASEEEEEEE!
    13·1 answer
  • Given sin A=-√3/2 and tan A &gt;0, find cos A.<br><br> PLEASE HURRY AND SHOW WORK
    5·1 answer
  • HELPLPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP
    11·2 answers
  • The line with equation y = 2x - 6 passes through the point (a,2). The value of a is:
    9·1 answer
  • 12 points
    8·1 answer
  • Fill in the blanks to write this function when x=3
    8·1 answer
  • Math question! I don't understand! can I have an explanation?​
    9·1 answer
  • How do you multiply letters
    6·2 answers
  • A cake shop offers circular cakes with diameters of 8 in., 12 in., and 15 in. Identify the area of each cake
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!